Vietnam’s consumer price index up slightly in August

The consumer price index (CPI) in August went up by a slight 0.005% against the previous month, thanks to sharp declines in fuel prices, according to the General Statistics Office.
A woman shops for vegetables at a market in Ho Chi Minh City. (Photo: NDO)
A woman shops for vegetables at a market in Ho Chi Minh City. (Photo: NDO)

The CPI in August rose 3.6% against December last year and 2.89% compared to the same month of 2021.

The average CPI in the first eight months of 2022 was 2.58%, while core inflation was 1.64%.

Among the 11 groups of goods and services used to calculate the index, nine had their prices increase against the previous month, while two saw price decreases.

In August, domestic gold prices bucked the rising global trend when dropping 0.9% against the previous month, compared to a 3.2% rise in global prices.

The US dollar rose 0.18% in August, with the greenback hovering around 23,528 VND.

NDO